Scottish football's financial crisis shows no signs of abating as another famous old club runs into financial difficulty. Heart of Midlothian have signalled their intent to enter administration in the next few days. Our Director Maureen Leslie gave her verdict on the Hearts situation on Reporting Scotland. Watch and listen to Maureen's professional opinion here.
Medium-sized firms, which have struggled the most in recent years, saw fewer insolvencies during March 2013 according to the latest Business Insolvency Index from Experian®.
The number of administrations in the UK has fallen to its lowest level since 2005, according to recent FT research. The figures show that there were 3,285 insolvencies in total in the first three months of 2013, down from 3,657 in Q4 2012 and 4,412 in the first quarter of 2012.
Some areas of the UK, especially in Scotland, are still being affected by increases in the number of personal insolvencies, despite a general country-wide fall in the total number of individuals being declared insolvent.
